Bank Secrecy Act Basics: 04. Requirements and Purpose of the Bank Secrecy Act

In the Understanding BSA Requirements and Purpose course, we’ll cover the five main aspects of BSA/AML program requirements. The Bank Secrecy Act lays out comprehensive rules for banks, including the requirement that every financial institution set up a BSA compliance program to prevent illegal money laundering. It also provides a framework for law enforcement to investigate these crimes. This elearning course will also clarify who is responsible for meeting the program requirements within your banking institution.

Part of our Bank Secrecy Act Basics series, this course is delivered in the form of a video with narration and helpful illustrations throughout.